Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1518 Alamo St San Antonio, TX 78204

    • Warehouses
    • 24,770 SF
    • 1.50 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2759114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Celebration Circle Sunday meeting place / Church
    • UTSA ARTS Cube / Art Gallery
    • Parlevel Systems / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 1518 Alamo St

    Year built
    1965
    Lot size
    1.50 lot acres
    Property size
    24,770 SF
    Property type
    Warehouses
    APN
    00014-000-0220
    APU
    140000220

    Description

    This exceptional 9,942-square-foot (8,645 usable square feet) creative office space is located in San Antonio's vibrant King William/Southtown district at 1518 S Alamo St, zip code 78204. Formerly a Jax Beer warehouse, this space, part of the PLATFORM mixed-use development, offers a unique blend of history and modern functionality. The suite, available September 2024, features high ceilings, exposed ductwork HVAC, and polished concrete floors. The layout includes a primarily open plan office area, complemented by several private workspaces, conference rooms, and a break area. This high-profile location sits at the intersection of S. Alamo and Probandt Streets, directly across from the Blue Star Complex, offering easy access to numerous art galleries, shops, and restaurants. The property is zoned IDZ C-2 and includes 20 parking spaces. The total building size is 24,770 square feet, with a minimum divisible space of 9,942 square feet. The asking rent is $23.00 per rentable square foot per year, plus NNN expenses currently at $5.50 per rentable square foot per year. This property presents a rare opportunity to secure a prominent and well-appointed office space in a highly desirable San Antonio location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,463,000
      Market price range: $770k - $2.47M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,435,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,550,000
      Change: +78% Conversion: Difficult
      MEDICAL BUILDING
      $2,050,000
      Change: +43% Conversion: Difficult
      OFFICE BUILDING
      $1,645,000
      Change: +14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4971
    Latitude
    29.4095
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,711
    $1,683,160
    $616,840
    $2,300,000
    -
    $1,683,160
    $616,840
    $2,300,000

    Comparable in this City

    • Value Estimation
      $9,140,000
      160,305 SF

      129 Guenther

      WAREHOUSE, STORAGE • 160,305 SF
      129 Guenther, San Antonio, TX 78204-1402
      View Details
    • Value Estimation
      $2,345,000
      123,275 SF

      301 Flores St

      WAREHOUSE, STORAGE • 123,275 SF
      301 Flores St, San Antonio, TX 78204-1107
      View Details
    • Value Estimation
      $730,000
      32,400 SF

      918 Laredo St

      BULK STORAGE, TANKS • 32,400 SF
      918 Laredo St, San Antonio, TX 78204-3210
      View Details
    • Value Estimation by Request
      12,400 SF

      135 Lachapelle

      Distribution properties • 12,400 SF
      135 Lachapelle, San Antonio, TX 78204
      View Details
    • Value Estimation by Request
      1,080 SF

      107 Harriman Pl, Unit 3

      WAREHOUSE, STORAGE • 1,080 SF
      107 Harriman Pl, San Antonio, TX 78204-2418
      View Details
    • Value Estimation by Request
      3,468 SF

      3423 Flores St

      WAREHOUSE, STORAGE • 3,468 SF
      3423 Flores St, San Antonio, TX 78204-2808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      San Antonio Warehouse with Offices

      Centrally located warehouse with offices and fenced parking.
      3109 S Flores St, San Antonio, TX 78204
      View Details
    • $1,490,000
      15,608 SF

      San Antonio Flex Space Available

      Centrally located flex space near downtown San Antonio.
      1202 N Flores St, San Antonio, TX 78204
      View Details
    • $1,250,000
      1.01 Acres

      Prime San Antonio Commercial Land

      1.01 Acres, I-2 Zoning, $1.25M
      284 Lachapelle, San Antonio, TX 78204
      View Details
    • $1,995,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      338 Madison, San Antonio, TX 78204
      View Details
    • $679,500

      New Condos on South Flores

      Eight new construction condos with flexible live/work spaces.
      2619 S Flores 1, San Antonio, TX 78204
      View Details
    • $445,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      1401 S Flores 202, San Antonio, TX 78204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,869 SF

      Creative Space with Natural Light

      Versatile space suitable for office, creative, studio, warehouse, storage.
      1108 S Flores St, San Antonio, TX 78204
      View Details
    • $9 SF/Yr
      6,500 SF

      Warehouse/Shop Facility on 1.7 Acres

      6,500 SF warehouse/shop with easy access to major interstates.
      601 Lone Star Blvd, San Antonio, TX 78204
      View Details
    • $4,000 /Mo
      2,400 SF

      King William Area Warehouse Space

      Warehouse space available in the King William area.
      110 W Lachapelle, San Antonio, TX 78204
      View Details
    • $36 SF/Yr
      22,113 SF

      Southtown Retail Space Available

      Prime San Antonio Retail, 3,834 SF
      1425 Flores St, San Antonio, TX 78204
      View Details
    • $23 SF/Yr
      24,770 SF

      Southtown Creative Office Space

      9,942 SF Available, King William District
      1518 Alamo St, San Antonio, TX 78204
      View Details
    • Contact for pricing
      26,040 SF

      Retail Building with Office Space

      26,040 SF retail building with office and dock.
      824 S Laredo St, San Antonio, TX 78204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1518 Alamo St
    San Antonio, TX 78204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.